Deepak borrow Rs 6500 from his friend for two years at the rate of 6% per annum. Find the interest paid by Deepak and also amount of money repaid.
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Step-by-step explanation:
There is given 6500 rupees and rate is 6% so we should know about what is the paid in one month so,
Simple intrest = p×n×r/100
So, simple intrest = 6500 multiply 6 multiply 1 upon 100
P1 = 390 rupees
P2 = 780 rupees
and there is why the placement of all the P1,P2 and P3 the total amount is 1170 rupees of 2 years.
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